As the cryptocurrency community awaits the final ruling in the courtroom battle between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, the revolutionary generative artificial intelligence (AI) platform has weighed in on the price of XRP (XRP) after it arrives.
Specifically, after Judge Analisa Torres last year ruled that XRP sales to retail traders did not constitute securities sales but that selling to institutional sales did, the two sides are now in the process of discussing the potential punitive damages that Ripple has to pay for the sales deemed contrary to securities laws.
ChatGPT’s XRP/Ripple price prediction
In this context, the fourth model of OpenAI invention ChatGPThas offered its prediction for XRP after the final ruling in the Ripple v. SEC standoff, considering “market sentiment, historical price behavior in response to legal updates, and expert predictions tied to the potential outcomes of the ruling.”
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With all these factors in mind, ChatGPT-4o has observed that “a significantly lower penalty than proposed by the SEC could lead to a positive market reaction, thereby boosting the price of XRP,” with favorable ruling acting “as a catalyst for a price increase.”
More specifically, the AI platform has set the price of XRP in such a case within a range of $0.55 to $1.00 “shortly after a favorable ruling or settlement” in the Ripple case, whereas a negative scenario might push the price down to “around $0.50 or lower,” albeit stressing that actual market reactions might be different.
XRP price analysis
For now, XRP is changing hands at the price of $0.52495, up 0.68% on the day while losing 1.68% in the past week and accumulating a decline of 0.55% on its monthly chart, as well as dipping 15.19% this year, according to the latest data retrieved by Finbold on June 4.
Earlier, in late May, pseudonymous crypto analyst EGRAG CRYPTO suggested that XRP’s performance at the time indicated that its next target lay in the $1.20-$1.50 range, identifying the $0.70 – $0.75 zone as a critical breakout point, as per his X post on May 27.
On the other hand, CoinsKid predicts XRP to hit the low price of $0.40 before the currently seventh-largest asset in the crypto sector by market capitalization could move upward toward the optimistic price levels projected by his peer.
All things considered, XRP might reach the price targets set by the AI model, but its predictions should not act as the main guide, and investors should do their own research and keep up with any XRP or Ripple news, Ripple SEC lawsuit updates, and Ripple SEC settlement when making decisions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
